Fundsmith: 2025 AGM Full Transcript
Ahead of Tuesday's meeting, here is what Terry Smith and Julian Robins said last year.
This is a full transcript of the Fundsmith AGM held in February 2025, including the hour-long Q&A session. You can watch the original video here.
Presenting: Terry Smith (CEO & CIO), Julian Robins (Head of Research), Ian King (Moderator)
Ian King: Ladies and gentlemen, very good evening to you, and welcome to the annual shareholder meeting of the Fundsmith Equity Fund.
My name is Ian King. I’m still the business presenter of Sky News, and you’re not here to hear from me, of course. Our two guests are Terry Smith, Chief Investment Officer of Fundsmith, and Julian Robbins, Head of Research at Fundsmith.